Published on 31 January 2017

Homebase Ireland reduces losses by 73%

The Irish arm of Homebase has filed accounts which show revenues of €47.56m for the year ended 27th February 2016, up 8% on the previous year's figure of €43.74m.

Like-for-like sales have increased by 13%, boosted by the closure of one store in the previous year when the figure was 4%. Homebase states that sales of big ticket items helped to boost sales, along with 'growth across all product categories'.

Pre-tax losses have reduced by 73% to €2.4m, compared with losses of €9m in the previous year.

Homebase currently has eleven stores in Ireland and employs 448 members of staff.

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